The DAILY DIGEST: INFORMATION and OPINION
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Did last years budget create 100,000 jobs? Bill Morneau cant really say
Saskatchewan Premier Brad Wall says he doesn�t need a budget lesson from Alberta
Bill Morneau isnt ruling out selling off airports
Fewer Canadian travellers blocked at U.S. land border
NDP leadership candidates discuss student debt, precarious work in Montreal
Canada must make tough decisions on defence spending: former NATO envoy
NDP leadership debate to focus on young Canadians and how to win them back
Conservative Party urged to trace fake memberships
Time for Senate to hit reset button
O�Leary will start first, but maybe not finish first
Winning a good trade deal
10 key promises Trudeau has broken since becoming PM
Impeaching Trump could hurt Democrats
Kevin O�Leary�s �vicious poisonous toxic attack on Alberta self-determination should offend us all
This is not how a liberal society responds to criticism
Strategy Session: Shivers and Jitters
Canada may yet have peacekeeping boots on the ground in 2017
NDP leadership candidates call for a return to party�s roots
Trudeau�s popularity takes hit
Airport Privatization Opposed: Poll
More TV streaming services join U.S. market, leaving Canada far behind
Liberals must sell budget to premiers after �challenging� health talks
Wildrose and PC party inch closer to a merger, maybe
In the Senate and the courts, an erosion of our humanity
Federal Budget Unpopular: Poll
Scott Brison listen up, Canada�s information commissioner has some advice for you
Canada�s CF-18s to fly 2 NATO overseas missions in 2017
Notley notes jobs and new markets to come from Keystone XL approval
Tory race update: O�Toole overtakes Scheer, Saxton dares to be dull
>>>>>>>>>>>>>>>LOONIE POLITICS<<<<<<<<<<<<<< http://looniepolitics.com/
2017 Conservative Party Leadership Race
http://www.bourque.com/cpc.html
Three ways the federal budget will affect the lives of Canadians� - Heather Scoffield, The Canadian Press, Macleanshttp://www.bourque.com/cpc.html
PM will not fast-track decision about UN peacekeeping - The Canadian Press, Macleans
BlackBerry Ltd CEO had �mixed emotions� about sending employees to Ford, $20-million lawsuit claims- Emily Jackson, Financial Post
National contest tries to convince students that lucrative sales jobs are �sexy�- Dianne Buckner, CBC News
TOUTES LES NOUVELLES PUBLIES DEPUIS 24 HEURES http://www.ledevoir.com/
The Associated Press|15 h 54 |Athanasiou marque et les Red Wings triomphent du Wild 3-2 en prolongation
La Presse canadienne|15 h 10 |Le gouvernement du Qu�bec veut que le nombre d'IPS passera � 2000
The Associated Press|13 h 05 |L'Iran impose des sanctions � des entreprises am�ricaines
La Presse canadienne|12 h 30 |Alerte: Milos Raonic se retire du tournoi de Miami en raison d'une blessure
The Associated Press|11 h 17 |Mets: Steven Matz rate un d�part en raison d'une blessure � un coude
The Associated Press|11 h 01 |Londres demande � WhatsApp l'acc�s � un message envoy� par l'auteur de l'attaque
The Associated Press|10 h 09 |Alejandro Valverde remporte le Tour de Catalogne pour la 2e fois de sa carri�re
La Presse canadienne|9 h 42 |Lance Stroll offre une performance prometteuse au Grand Prix d'Australie
The Associated Press|5 h 52 |Fusillade dans un club de nuit de Cincinnati: au moins un mort et 15 bless�s
La Presse canadienne|16 h 31 |L'attaquant Clayton Keller signe son contrat de recrue avec les Coyotes
Des centaines de Russes interpell�s lors de manifestations anticorruption
SPVM: Coiteux et Coderre endossent le plan de Philippe Pichet, rendu public sous peu
L�Irak enqu�te sur la mort de civils dans des frappes contre le groupe EI � Mossoul
Agressions sur les campus: les victimes laiss�es � elles-m�mes
Le poing sur la table
Revisiter l�Europe
FOREIGN AFFAIRS & GENERAL INFO>>>>>>>>>>>>>>>LOONIE WORLD<<<<<<<<<<<<<<<< http://looniepolitics.com/
A new dynamic may be emerging in the House: A right and left flank within the GOP willing to buck leadership - Paul Kane, Washington Post
�Deaths of despair on the rise among blue-collar whites - Reid Wilson, The Hill
What�s Next On The Trump Agenda? - Ali Vitali, NBC News
Iraq suspends Mosul offensive after coalition airstrike atrocity- Martin Chulov and Emma Graham-Harrison, The Guardian
Tens of thousands in London protest Britain�s EU departure- The Associated Press, The Times Of India
>>>>>>>>>>>>>>>THE LEBANON DAILY STAR<<<<<<<< http://www.dailystar.com
France's Le Pen says people no longer want the EU
Britain reviewing security at parliament after deadly attack
OPEC, non-OPEC to look at extending oil-output cut by six months
GOP struggles to govern despite a monopoly in Washington
Iran strikes back at US with 'reciprocal' sanctions
Wave of corruption protests sweeps Russia; Navalny arrested
Hong Kong chooses new Beijing-backed leader amid political tension
German state vote a test for Merkel's party, resurgent rival
Pakistan starts building fence along Afghan border
>>>>>>>>>>>>>>> Sign Of The Times <<<<<<<<<<<<<<<
http://www.sott.net/
>>>>>>>>>>>>>>>GLEANED POSTS<<<<<<<<<<<<<<<
From: "John Feldsted" <jfeldsted@shaw.ca>http://www.sott.net/
>>>>>>>>>>>>>>>GLEANED POSTS<<<<<<<<<<<<<<<
Three Disruptive Technologies That Will Transform The World Into Technocracy Within 10 Years
BELOW(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)(30)30)(30)(30)(30)(30)(30)To: "'Joe'" <phoenix.rising@bellnet.ca>
Subject: RE: Daily Digest March 25, 2017
From: Larry Kazdan
To: letters@macleans.ca
Subject: Re: The unmasking of Bill Morneau, caped budget crusader, Evan Solomon, March 23, 2017
http://www.macleans.ca/politics/ottawa/the-unmasking-of-bill-morneau-caped-budget-crusader/
�Those who criticize Liberals for not returning to fiscal balance fail to appreciate that governments of advanced developed countries typically run deficits, and when surpluses are achieved, their economies usually deteriorate. The United States experienced six depressions and a recession between 1817 and 2001, and every one was preceded by significant debt reduction. When governments increase taxes and decrease spending, monies are withdrawn from the economy, often with severe contractionary effect.
This is typical liberal/progressive nonsense. Comparatively, the US is not high in the ranks of fiscally advanced developed countries. Greece, Italy and Spain have been around a lot longer and are all deeply in accumulated debt and teetering on bankruptcy. The notion that government spending drives our economy belongs with the concept of the perpetual engine. The reality is that governments extract money from productive enterprises and people through taxation and can only invest money left after paying its enormous operational costs which include the costs of bureaucrats creating rules for and distributing the diminished funds.
�And those who shed crocodile tears over the burden our grandchildren will inherit should realize that government debts typically grow and are never repaid. Should funds ever be needed to cover interest payments, taxing the young and vulnerable is not obligatory - taxing the rich always remains a preferred option.�
Please advise on what planet government deficits grow debt year after year without consequence? Does anyone believe that those increasing debts do not require increased interest payments that slowly strangle a government�s ability to maintain core services? We have watched numerous nations run up debt, suffer severe inflation and fall into a depression. Claiming advanced development does not save us from the fact that irresponsible fiscal management has inescapable consequences.
I have a challenge for the people who continually spout this nonsense. Please provide Joe with a copy of the sections of our constitution that empower the Canadian federal government to manage our economy. Remember that the federal government exists to provide us with services we cannot provide for ourselves and are beyond the capacity of provinces to provide. Tinkering with our economy is not a service to the public.
John Feldsted
Political Consultant & Strategist
Winnipeg, Manitoba
If anyone would like to be added to my mailing list, send an e-mail to jfeldsted@shaw.ca With a subject line: Conservative Friends List
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From: Larry Kazdan
To: Toronto Star <lettertoed@thestar.ca>
Cc: chebert@thestar.ca
Subject: Re: Lots of words, few dollars in this budget . . . until the next election rolls around: H�bert, March 22, 2017
- https://www.thestar.com/news/canada/2017/03/22/lots-of-words-few-dollars--until-the-next-election-rolls-around-hbert.html
- According to many pundits, the federal government must "return to balanced budgets". This conventional wisdom is based on a gold standard monetary system when governments could run out of gold, and hence run out of money. But today Canada owns a central bank which issues a floating non-convertible fiat currency, and the probability of default of Canadian-dollar federal debt is zero.
- When the economy is too cool as is the case today, the federal government must increase spending on services and infrastructure in order to stoke up activity and support the private sector. The practical limit to disbursement is the onset of inflation, but since we have so much unused production capacity, that risk is far in the future.
- The Great Depression of the 1930s ended when our government ramped up spending for WWII. Irrational fears should not prevent us today from directing economic stimulus toward more beneficial purposes. We can build hospitals and schools, combat climate change, and eliminate much poverty by creating jobs for the 1.3 million unemployed Canadians desperately eager to earn their keep and contribute to society.
- Footnotes:
- 1. Alan Greenspan, former U.S. Federal Reserve Chairman
- http://www.federalreserve.gov/boarddocs/speeches/1997/19970114.htm
- "[A] government cannot become insolvent with respect to obligations in its own currency. A fiat money system, like the ones we have today, can produce such claims without limit."
- "[A] government cannot become insolvent with respect to obligations in its own currency. A fiat money system, like the ones we have today, can produce such claims without limit."
- 2. How the Bank of Canada Creates Money for the Federal Government: Operational and Legal Aspects, Library of Parliament
- http://www.lop.parl.gc.ca/Content/LOP/ResearchPublications/2015-51-e.html?cat=economics
- "By recording new and equal amounts on the asset and liability sides of its balance sheet, the Bank of Canada creates money through a few keystrokes. The federal government can spend the newly created bank deposits in the Canadian economy if it wishes."
- ***
- ".....there is no external limit to the total amount of money that the Bank of Canada may create for the federal government."
- "By recording new and equal amounts on the asset and liability sides of its balance sheet, the Bank of Canada creates money through a few keystrokes. The federal government can spend the newly created bank deposits in the Canadian economy if it wishes."
- 3. L. Randall Wray is a Professor of Economics at the University of Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of Bard College, NYL.
- http://neweconomicperspectives.org/2015/11/mmt-and-bernie-sanders.html#comment-1232342
- How can a countrys financial condition remain sound and stable when the state can issue money whenever needed?
- "The danger of spending too much money is inflation; there might also be an impact on exchange rates. The solution to the first problem is to avoid spending more once full employment is reached; and to carefully target spending even before full employment to avoid bottlenecks. The solution to the second is to float the currency."
- How can a countrys financial condition remain sound and stable when the state can issue money whenever needed?
- 4. Jim Stanford: Is Slow Growth Inevitable?
- http://www.progressive-economics.ca/2016/07/21/is-slow-growth-inevitable/
- "New talk of helicopter money strategies (whereby a central bank would create new credit and directly inject it into the real economy, to support investment, government programs, or consumption) confirms that if we collectively decide we need it, and enforce our will on our political and monetary leaders, we could create all the money needed to finance real, productive work. So long as millions are languishing without a job, there does not appear to be a good argument against doing so. To the contrary, if it helps us put an end to pollution (including greenhouse gases) and poverty, an all-out war-like mobilization seems like a no-brainer. Living standards would grow, taxes would be paid, the environment would be protected, and real GDP would grow rapidly....."
- "New talk of helicopter money strategies (whereby a central bank would create new credit and directly inject it into the real economy, to support investment, government programs, or consumption) confirms that if we collectively decide we need it, and enforce our will on our political and monetary leaders, we could create all the money needed to finance real, productive work. So long as millions are languishing without a job, there does not appear to be a good argument against doing so. To the contrary, if it helps us put an end to pollution (including greenhouse gases) and poverty, an all-out war-like mobilization seems like a no-brainer. Living standards would grow, taxes would be paid, the environment would be protected, and real GDP would grow rapidly....."
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